Billionaire investor Warren Buffett is known for mastering the strategy of identifying and buying great businesses at lower prices. He has abided by this rule to date, with no exceptions. For the first time in six years, Buffett decided not to buy back shares of his own company, Berkshire Hathaway, in Q3 despite having over … Read more
Employers can leverage a shared database to ensure new workers receive better or at least the same default savings rates for retirement plans they were receiving from their previous employers. Sora Shimazaki/Pexels.com People who change jobs often might make more money than average in the long run. However, many of them experience opportunity costs that … Read more
Social Security rules like the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) markedly reduce Social Security benefits for nearly three million US retirees receiving pension income. Under WEP, individuals receiving retirement or disability pension income from public employers that don’t withhold Social Security taxes from their salaries will see their Social Security … Read more
Dividend-paying stocks barely performed last year as rates jumped to two-decade highs and investors flocked to bonds for high yields rather than volatile stocks for similar payouts. The S&P 500 Dividend Aristocrats index increased a meagre 5.7% in 2023 compared to the S&P 500’s 26% gain. However, Bank of America (BofA) believes that dividend-paying stocks … Read more
Auto parts maker Samvardhana Motherson International has raised $350 million by selling five-year bonds to overseas investors. The issue was priced late Wednesday. The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account … Read more
Premier Li Qiang, Vice-Premier He Lifeng, Minister of Finance Lan Fo’an, central bank governor Pan Gongsheng and Liu He, China’s former vice-premier who led previous trade negotiations with the US, would also meet with Yellen during trip, the US Treasury statement added. Current affairs: sparks fly between China, US over EVs before Janet Yellen visit … Read more
